Hybrid Electric Jet Market to Witness Massive Expansion as Industry Veteran Airbus SE Unveils a new zero-emission concept aircraft that could enter the service by 2035

 

The hybrid-electric jet is becoming an increasingly popular choice for industries such as aerospace, defense, law enforcement, oil & gas, energy, and others. In fact, the technology is available now in all the major jet and engine industries such as Cessna Pilots and Air Force aircraft manufacturers, as well as civil aircraft manufacturers. However, the hybrid-electric jet is proving to be most popular among commercial and military industries. There are three main benefits to the hybrid electric jet. These benefits include cost saving, improved aircraft performance, and environmental benefits. Each of these benefits has unique and important facets to their own, but their combination leads to significant cost savings. This allows for greater profits, improved operational efficiency, and better quality, which ultimately translates into better customer satisfaction.
Decline in greenhouse emissions is expected to drive growth of the global hybrid electric jet market during the forecast period. Greenhouse gases such as methane, carbon dioxide, and nitrous oxide are major causes of global warming and air pollution. According to the Europe Aviation Safety Agency (EASA), electric engine utilization in jets is expected to decrease nitrous oxide by 90% and carbon dioxide by 75%. According to the same source, it is expected to reduce noise levels to 65% by 2050. Furthermore, hybrid electric jets save a lot of money on fuel costs and hence are cost-efficient. Thus, these factors are expected to boost the global hybrid electric jet market growth in the near future. Furthermore, technological advancements in electric aircraft are expected to accelerate growth of the global hybrid electric jet market in the near future.
However, rising cost of operations including the cost of lithium-ion battery is expected to hamper the global hybrid electric jet market growth over the forecast period. Among regions, Europe is expected to witness significant growth in the global hybrid electric jet market during the forecast period. This is owing to the presence of key aircraft manufacturers such as Airbus SE, Rolls Royce, and Siemens AG in the region.However, rising cost of operations including the cost of lithium-ion battery is expected to hamper the global hybrid electric jet market growth over the forecast period. Among regions, Europe is expected to witness significant growth in the global hybrid electric jet market during the forecast period. This is owing to the presence of key aircraft manufacturers such as Airbus SE, Rolls Royce, and Siemens AG in the region. 
For instance, in September 2020, Airbus SE introducer a new zero-emission concept aircraft, which could enter service by 2035.


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